基金深度
000746.OF  招商行业精选
                       
2022年12月28日

报告摘要:
        本篇报告每日计算,运用量化模型对权益债券期货市场运行特征进行刻画,从而进行市场研判,为大类资产配置提供建议。
基金概览

项目内容
基金代码000746.OF
基金简称招商行业精选
基金经理贾成东
任职日期20161231
产品规模24.9,24.9
二级分类普通股票型基金
三级分类
成立日期20140903
项目今年以来近1周近1月近3月近6月近1年近2年近3年近5年成立以来
收益率-11.672.9514.192.79-2.04-10.77-19.1958.5498.62231.5
最大回撤-22.94-0.12-4.37-10.33-22.94-22.94-41.36-41.36-52.22
夏普比率-0.040.440.06-0.0-0.04-0.030.040.04
同类基金收益率-20.391.610.41-2.52-11.36-19.42-10.5345.2767.16181.76
同类排名113/727165/86822/863180/83373/797106/721344/520118/38863/26311/36
标准差0.01160.01380.01420.01230.01150.01450.01570.01550.0176

基金业绩







时期超额收益绝对收益年化波动最大回撤calmar比率选股能力选时能力
近1月0.13870.14190.21980.04373.25070.0083-40.2138
近3月0.06420.02790.22070.10330.27030.00043.3879
近6月0.0991-0.02040.19410.1789-0.114-0.000710.4937
近1年0.0922-0.10770.18320.2294-0.46930.0004-2.8868
近3年0.2380.58540.24960.41361.41520.0005-1.518
近5年0.46840.92960.24620.41362.24740.00020.322
不同时期基金收益表现

基金规模


持有人结构


wind代码报告期截止日期持有人名称持有份额(万份)持有比例(%)
000746.OF2017123120171231招商基金管理有限公司297.740.9999
000746.OF2018033120180331招商基金管理有限公司297.741.06
000746.OF2018063020180630招商基金管理有限公司297.741.12
000746.OF2018093020180930招商基金管理有限公司297.741.15
000746.OF2018123120181231招商基金管理有限公司297.741.14
000746.OF2019033120190331招商基金管理有限公司297.741.11
000746.OF2019063020190630招商基金管理有限公司297.741.14
000746.OF2019093020190930招商基金管理有限公司297.741.13
000746.OF2019123120191231招商基金管理有限公司297.741.16
000746.OF2020033120200331招商基金管理有限公司297.740.66
000746.OF2020063020200630招商基金管理有限公司297.740.78
基金管理人持有情况

大类资产配置

基金代码报告期股票港股可转债资产支持证券利率债信用债金融债基金金融衍生品买入返售金融资产银行存款其他资产其他债券
000746.OF2017123193.74.760.00.01.921.87
000746.OF2018033183.615.550.00.05.847.23
000746.OF2018063082.250.00.00.017.840.5
000746.OF2018093083.070.00.00.08.2117.288.28
000746.OF2018123185.592.980.00.05.975.756.06
000746.OF2019033184.440.463.790.00.011.763.68
000746.OF2019063088.640.224.880.00.05.871.14
000746.OF2019093089.90.024.80.00.05.910.57
000746.OF2019123189.380.154.870.00.08.180.42
000746.OF2020033187.164.570.00.09.892.23
000746.OF2020063094.334.50.00.06.420.9
000746.OF2020093080.710.134.762.560.04.127.784.88
000746.OF2020123190.840.044.381.170.04.071.01
000746.OF2021033181.130.034.870.940.013.320.36
000746.OF2021063089.860.055.611.10.02.21.014.66
000746.OF2021093091.745.340.00.02.471.13
000746.OF2021123181.780.130.00.05.9912.96.15
000746.OF2022033183.710.00.00.016.610.07
000746.OF2022063094.150.00.00.08.870.18
000746.OF2022093084.355.150.00.06.833.227.66
投资组合资产配置

基金代码报告期国债央行票据金融债企债短期融资券中期票据可转债同业存单货币市场工具其他资产其他债券
000746.OF201712314.761.87
000746.OF201803315.557.23
000746.OF201806300.5
000746.OF201809308.28
000746.OF201812312.986.06
000746.OF201903313.790.463.68
000746.OF201906304.880.221.14
000746.OF201909304.80.020.57
000746.OF201912313.021.850.150.42
000746.OF202003314.572.23
000746.OF202006304.50.9
000746.OF202009304.762.561.280.134.88
000746.OF202012314.381.171.170.041.01
000746.OF202103314.870.940.940.030.36
000746.OF202106305.611.11.10.054.66
000746.OF202109305.341.13
000746.OF202112310.136.15
000746.OF202203310.07
000746.OF202206300.18
000746.OF202209305.157.66
债券组合资产配置






行业分布

时期TMT周期制造医药消费金融地产
2018033117.139.4613.9213.743.67
2018063020.9135.9
2018093011.1817.7834.36
2018123115.1515.2626.754.7
201903315.1911.5312.4921.174.96
2019063014.7617.4621.324.81
2019093025.516.0219.56.72
2019123129.5326.61
2020033126.3939.31
202006305.637.1532.1223.49
202009307.6311.4817.4419.32
2020123115.1615.0923.549.03
202103315.283.6111.3914.0229.11
202106305.2316.2511.9710.2619.95
2021093014.5149.81
2021123118.2417.64.5416.16
202203319.8211.0138.79
2022063019.134.4223.618.13
2022093022.6419.2821.33
季报申万大类行业分布
时期TMT周期制造医药消费金融地产
201806307.261.393.226.7743.59
2018123119.125.560.9817.4937.714.71
201906305.091.9317.7822.1629.099.15
2019123145.450.216.9926.615.560.17
202006300.0618.0312.5236.9724.482.25
202012310.0219.4620.9429.3321.050.0
202106300.021.0417.7815.513.7821.73
2021123118.43.6233.911.615.5218.66
202206300.932.718.341.0341.499.62
年报申万大类行业分布

时期房地产银行非银金融食品饮料家用电器商贸零售纺织服饰农林牧渔轻工制造公用事业社会服务美容护理环保医药生物电子计算机通信传媒电力设备机械设备国防军工汽车石油石化煤炭有色金属钢铁基础化工交通运输建筑材料建筑装饰
201803313.6713.7413.925.1212.019.46
2018063027.233.984.6920.91
2018093019.459.635.2817.783.947.24
201812314.712.629.564.5715.2615.15
201903314.965.0711.15.012.495.196.854.68
201906304.819.645.046.6417.4614.76
201909306.7219.521.054.466.02
2019123126.6124.235.3
2020033120.454.2914.5726.39
2020063023.4932.127.155.63
2020093019.325.414.447.5911.487.63
202012319.0323.5415.095.29.96
2021033129.115.09.0211.393.615.28
2021063019.954.236.0311.9710.495.765.23
2021093049.8110.993.52
2021123116.164.5418.2417.6
202203314.7734.027.363.659.82
202206308.1311.4712.144.4219.13
2022093021.335.9913.2922.64
季报申万一级行业分布

时期房地产银行非银金融食品饮料家用电器商贸零售纺织服饰农林牧渔轻工制造公用事业社会服务美容护理环保医药生物电子计算机通信传媒电力设备机械设备国防军工汽车石油石化煤炭有色金属钢铁基础化工交通运输建筑材料建筑装饰
2018063031.141.360.925.464.690.0226.775.821.440.093.111.39
201812314.70.0113.371.7218.054.5717.493.9715.150.020.962.553.01
201906309.1515.485.040.00.011.926.6422.162.112.9814.763.010.010.061.860.01
201912310.170.042.982.540.026.6132.393.999.074.322.650.020.00.21
202006302.2523.490.00.00.960.00.0336.970.00.020.0412.450.070.05.0412.99
202012310.00.018.590.00.02.460.00.00.029.330.00.00.0215.094.830.01.028.160.010.460.00.840.0
2021063021.733.520.04.230.06.030.00.015.50.00.00.010.496.221.072.779.336.531.411.0
2021123118.660.05.520.00.00.00.00.00.01.6118.350.00.050.033.90.00.010.01.340.00.00.02.280.0
202206308.131.4914.940.00.02.075.644.6914.140.011.030.00.00.93.924.420.00.00.050.00.00.00.0225.786.86
年报申万一级行业分布

序号201806302018123120190630201912312020063020201231202106302021123120220630
1食品饮料公用事业医药生物电子医药生物医药生物银行电力设备交通运输
2医药生物医药生物食品饮料医药生物食品饮料食品饮料医药生物银行食品饮料
3电子通信电力设备传媒建筑材料电力设备电力设备电子社会服务
4公用事业食品饮料非银金融综合电力设备基础化工基础化工食品饮料房地产
5社会服务房地产社会服务电力设备基础化工有色金属交通运输建筑材料建筑材料
基金行业选择能力
序号2018122820191231202012312021123120221227
1社会服务电子社会服务电力设备煤炭
2银行食品饮料电力设备有色金属综合
3食品饮料家用电器食品饮料煤炭社会服务
4农林牧渔建筑材料国防军工基础化工交通运输
5美容护理计算机美容护理钢铁美容护理
年度行业涨幅前5

序号20211231权重120220331权重220220630权重320220930权重4
1电子18.24银行34.02交通运输19.13交通运输22.64
2电力设备17.6交通运输9.82社会服务12.14银行21.33
3银行16.16公用事业7.36食品饮料11.47社会服务13.29
4食品饮料4.54房地产4.77房地产8.13公用事业5.99
5社会服务3.65机械设备4.42
6
7
8
9
10
近4个季度前十大行业及权重
序号20211231股票名称1权重120220331股票名称2权重220220630股票名称3权重320220930股票名称4权重4
1002475.SZ立讯精密8.01601398.SH工商银行8.35600048.SH保利发展8.13600754.SH锦江酒店8.13
2601398.SH工商银行6.79601288.SH农业银行8.23600809.SH山西汾酒7.47601288.SH农业银行8.12
3300450.SZ先导智能6.69601939.SH建设银行8.05600754.SH锦江酒店7.43601939.SH建设银行6.82
4002812.SZ恩捷股份6.42600900.SH长江电力7.36600004.SH白云机场5.29601398.SH工商银行6.39
5600563.SH法拉电子5.32601328.SH交通银行6.08601111.SH中国国航5.29600004.SH白云机场6.04
6601288.SH农业银行4.96600009.SH上海机场4.94600009.SH上海机场4.87600900.SH长江电力5.99
7002241.SZ歌尔股份4.91600004.SH白云机场4.88600258.SH首旅酒店4.71600009.SH上海机场5.92
8002568.SZ百润股份4.54600048.SH保利发展4.77300124.SZ汇川技术4.42601111.SH中国国航5.7
9002487.SZ大金重工4.49600754.SH锦江酒店3.65000799.SZ酒鬼酒4.0600258.SH首旅酒店5.16
10601939.SH建设银行4.41002142.SZ宁波银行3.31603885.SH吉祥航空3.68603885.SH吉祥航空4.98
近4个季度前十大股票及权重

行业20180331201806302018093020181231201903312019063020190930201912312020033120200630202009302020123120210331202106302021093020211231202203312022063020220930
专业连锁Ⅱ5.04
专用设备4.685.76
元件5.32
光伏设备6.8514.766.027.1511.4814.26
其他电子Ⅱ4.5
养殖业11.114.57
化学制品5.27
化学制药4.654.335.01
化学原料4.69
化学纤维9.46
医疗服务5.8611.557.997.115.385.9512.1819.3823.175.12
半导体5.124.995.73
国有大型银行Ⅱ19.3229.1119.9516.1630.7121.33
城商行Ⅱ3.31
房地产开发3.674.74.778.13
旅游及景区4.695.284.575.06.646.72
消费电子3.945.1911.5618.512.92
游戏Ⅱ5.3
煤炭开采10.99
生物制品8.069.369.798.1512.4912.0813.5514.437.018.9513.777.066.96
电力3.989.639.567.599.026.037.365.99
电池15.093.6110.4935.5513.11
白色家电4.295.0
白酒Ⅱ9.4510.976.615.079.6412.1723.495.419.0311.47
综合Ⅱ4.36
能源金属5.23.52
自动化设备4.42
航空机场9.8219.1322.64
装修建材5.63
计算机设备3.59
证券Ⅱ4.964.81
调味发酵品Ⅱ4.294.945.625.328.28
软件开发8.424.46
通信设备7.2415.15
酒店餐饮3.6512.1413.29
铁路公路7.635.285.23
非白酒4.54
风电设备4.49
食品加工5.54
饮料乳品5.787.227.3
饲料4.444.23
季报申万二级行业分布

行业201806302018123120190630201912312020063020201231202106302021123120220630
专业工程1.0
专业连锁Ⅱ5.04
专用设备3.02.654.685.76
乘用车1.0
元件5.42
光伏设备14.7612.45
光学光电子2.973.65
其他电子Ⅱ2.094.62
化学制品5.045.778.84
化学制药1.261.496.165.01
化学原料4.69
化学纤维1.38
医疗器械3.361.61
医疗服务13.977.116.8812.1823.179.351.03
医药商业2.183.2
半导体5.73
国有大型银行Ⅱ21.7318.661.49
家居用品5.64
小金属2.77
房地产开发4.72.258.13
房屋建设Ⅱ3.01
教育2.54
旅游及景区4.694.576.642.0
汽车零部件2.111.021.07
消费电子2.8221.8812.92
游戏Ⅱ9.07
煤炭开采1.34
生物制品9.3610.3812.0814.4312.313.826.96
电力5.4618.051.926.034.69
电池4.3215.0910.4917.3
电网设备4.091.02
白酒Ⅱ14.139.6423.4911.173.5213.47
综合Ⅱ3.474.36
能源金属8.16
自动化设备4.42
航空机场2.025.78
装修建材12.991.412.286.86
计算机设备3.97
证券Ⅱ9.15
调味发酵品Ⅱ4.945.322.583.07
贵金属1.86
软件开发2.98
通信设备1.4415.15
酒店餐饮12.14
铁路公路6.53
非白酒4.354.54
风电设备11.542.9
食品加工5.543.261.47
饮料乳品6.537.94
饲料1.361.722.982.434.232.07
年报申万二级行业分布


开始结束季报1级行业数季报2级行业数季报3级行业数季报持股数年报1级行业数年报2级行业数年报3级行业数年报持股数
20171231202212272342488032100173173
持仓股票及行业特征

G_0H_0G_1H_1G_2H_2G_3H_3
000661.SZ14601288.SH6002475.SZ5300750.SZ4
300015.SZ9601939.SH6601111.SH5600809.SH4
600519.SH8601398.SH6300601.SZ5600887.SH4
600900.SH7603288.SH5601012.SH5600754.SH3
601888.SH6600438.SH5600763.SH4000063.SZ3
重仓股持有季度数
G_0N_0G_1N_1
2017123119.02020063017.0
2018063022.02020123120.0
2018123119.02021063019.0
2019063020.02021123120.0
2019123119.02022063028.0
年报持股数

股票代码20220930202206302022033120211231
600809.SH1.0
600563.SH1.0
600754.SH3.02.01.0
002241.SZ1.0
601288.SH1.02.01.0
002487.SZ1.0
002475.SZ1.0
600258.SH2.01.0
300450.SZ3.0
600009.SH3.02.01.0
601328.SH1.0
601111.SH2.01.0
601939.SH1.02.01.0
300124.SZ1.0
601398.SH1.02.01.0
002812.SZ2.0
002568.SZ1.0
000799.SZ1.0
600048.SH2.01.0
002142.SZ1.0
600900.SH1.01.0
600004.SH3.02.01.0
603885.SH2.01.0
季报持仓连续持有季度数


基金代码报告期持有债券比例分类1分类2中债隐含评级评级排序
000746.OF20210630019645.SH5.31国债
000746.OF20210630102000140.IB1.1中期票据一般中期票据AA7
000746.OF20210630102000140.IB1.1中期票据一般中期票据
000746.OF20210630102000140.IB1.1中期票据一般中期票据
000746.OF20210630010107.SH0.3国债
000746.OF20210630123117.SZ0.05可转债
000746.OF20210930019645.SH5.22国债
000746.OF20210930019649.SH0.11国债
000746.OF20211231019649.SH0.13国债
000746.OF20220930019679.SH5.15国债
债券基金重仓债券

交易行为



时期类别高评级占比
20190630债券0.0
20191231债券0.2815
20201231债券0.9672
20210630债券0.9583
高评级占比

基金风格




股票代码买入时间卖出时间Qnum申万二级行业股票涨跌幅行业涨跌幅超额
000661.SZ201712312020093011生物制品(申万)307.2686.15221.11
300015.SZ20190630202009305医疗服务(申万)116.594.0622.44
300015.SZ20180331201903314医疗服务(申万)24.62-3.9228.53
300601.SZ20190331202003314生物制品(申万)102.9822.4180.57
300750.SZ20201231202112314电池(申万)67.5564.852.69
600519.SH20171231201812314白酒Ⅱ(申万)-14.21-23.439.22
000661.SZ20201231202109303生物制品(申万)-38.72-11.85-26.87
002001.SZ20201231202109303化学制药(申万)-2.61-13.2810.67
300450.SZ20210630202203313专用设备(申万)-2.83-5.592.76
600763.SH20191231202009303医疗服务(申万)108.4251.2957.13
股票基金前10大持仓表现
基金代码报告期股票代码权重持有基金数目比例
000746.OF20220930600754.SH9.64126.01.94
000746.OF20220930601288.SH9.6388.01.36
000746.OF20220930601939.SH8.0883.01.28
000746.OF20220930601398.SH7.58171.02.64
000746.OF20220930600004.SH7.1690.01.39
000746.OF20220930600900.SH7.1410.06.33
000746.OF20220930600009.SH7.02171.02.64
000746.OF20220930601111.SH6.75161.02.48
000746.OF20220930600258.SH6.1176.01.17
000746.OF20220930603885.SH5.9188.01.36
持仓拥挤度

报告期PEPBLTMVROE
201712310.00.00.019.09
2018033154.79.491771.54.71
2018063046.959.241381.0911.19
2018093036.48.581869.2714.96
2018123128.055.57881.9415.69
2019033161.649.161710.382.67
2019063048.848.611492.589.98
20190930938.1910.16755.5914.22
20191231342.6911.33615.5317.52
2020033152.7913.143087.396.23
2020063074.7714.242229.4910.3
2020093024.525.253947.3210.6
20201231127.4616.641723.8416.36
2021033125.073.995237.652.47
2021063063.8610.34052.78.33
20210930102.7212.493247.2112.67
2021123152.248.943153.4817.39
2022033138.481.454375.371.72
20220630329.196.961208.5-0.04
202209303.132.113125.81-5.19
PE PB ROE 矩阵1
报告期PEPBROE
201712310.00.00.19
20180331109.48.060.07
2018063059.836.430.11
2018093042.145.750.14
2018123117.682.450.14
20190331106.715.520.05
2019063059.796.410.11
2019093052.077.780.15
2019123155.338.320.15
20200331107.948.060.07
2020063078.6710.840.14
202009309.060.750.08
2020123194.3813.350.14
2021033126.310.770.03
2021063017.190.960.06
2021093050.326.140.12
202112316.940.750.11
2022033119.740.560.03
2022063083.821.80.02
202209306.770.520.08
PE PB ROE 矩阵2

年份平均每股分红
2017
20180.7332
20190.6964
20200.808
20210.5621
20220.6244
持仓组合股票分红情况

持有体验

日度胜率周度胜率月度胜率季度胜率年化创新高次数年化平均回撤修复能力最大套牢时间
52.1953.5655.1750.07.2613.12180.16
持有体验


时期基金数目基金公司数目持有金额/亿
201906301.01.00.1
202006301.01.00.02
202009302.01.00.12
202012316.04.00.76
202103313.02.00.4
202106305.02.00.22
202109304.02.00.17
202112313.02.00.02
202203311.01.00.02
202206303.02.00.02
FOF基金青睐